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17:58
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Originally posted by Io:
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The issue with any base metals concentrates will be the recovery of the base metals and whether the recoveries are high enough to make it worth recovering the base metals. TMT do not want to do anything to add to the CAPEX as it is already nearly $400M as announced in their PFS. The plant detailed in the PFS did not have a base metals recovery circuit so adding a base metal recovery circuit will increase the CAPEX. Raising nearly $400M will be hard for TMT and if they add in the base metal circuit TMT will need to raise even more for the CAPEX.
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TMTS Oxidisation profile is very shallow and even is mentioned in the preso as being key point of difference, not sure where your getting transitional material down 150m deep?? to me it looks like fresh material is only 50m deep..
